Answer to Question #323729 in Political Science for DAYINA

Question

HOW THE ABSENT OF FREE FLOW OF OIL WOULD AFFECT THE US ECONOMY

Answer 1

The Russia Ukraine war is hurting oil prices by pushing them up an causing a hindrance to free flow of oil. The absence of free flow of oil would affect the US economy by raising inflation to excessive levels. The high inflation is raising and would further raise inflation through rising energy costs plus higher prices for food and a demand greater than supply in the global market.